2022
Exports | Imports
$32.3M | $24.4MWorld Rnk 36 / 187
Flag Rnk 122 / 1190
World Rnk 83 / 221
Flag Rnk 219 / 1203
2022
PRODUCT COMPLEXITY IN Industrial Food Preperation Machinery
0.83Rnk 238 / 1025

About

Exports In 2022, Latvia exported $32.3M in Industrial Food Preperation Machinery, making it the 36th largest exporter of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 122nd most exported product in Latvia. The main destination of Industrial Food Preperation Machinery exports from Latvia are: Netherlands ($15.1M), Denmark ($6.55M), Russia ($4.77M), Lithuania ($998k), and Germany ($896k).

The fastest growing export markets for Industrial Food Preperation Machinery of Latvia between 2021 and 2022 were Netherlands ($2.98M), Russia ($2.58M), and Denmark ($2.09M).

Imports In 2022, Latvia imported $24.4M in Industrial Food Preperation Machinery, becoming the 83rd largest importer of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 219th most imported product in Latvia. Latvia imports Industrial Food Preperation Machinery primarily from: Sweden ($5.72M), Denmark ($4.55M), Germany ($2.44M), Netherlands ($2.16M), and South Korea ($2.07M).

The fastest growing import markets in Industrial Food Preperation Machinery for Latvia between 2021 and 2022 were Sweden ($5.62M), South Korea ($2.05M), and Belgium ($981k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Industrial Food Preperation Machinery from Latvia to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Industrial Food Preperation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$32.3M
IMPORTS (2022)$24.4M
NET TRADE (2022)$7.87M

In 2022, Latvia exported $32.3M in Industrial Food Preperation Machinery. The main destinations of Latvia exports on Industrial Food Preperation Machinery were Netherlands ($15.1M), Denmark ($6.55M), Russia ($4.77M), Lithuania ($998k), and Germany ($896k).

In 2022, Latvia imported $24.4M in Industrial Food Preperation Machinery, mainly from Sweden ($5.72M), Denmark ($4.55M), Germany ($2.44M), Netherlands ($2.16M), and South Korea ($2.07M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Food Preperation Machinery EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Netherlands$2.98M (24.6%)
Russia$2.58M (118%)
Denmark$2.09M (47%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Food Preperation Machinery BY Latvia WERE (2021 - 2022):
Slovakia-$622k (-50.5%)
Canada-$430k (-94.2%)
South Korea-$290k (-99.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Industrial Food Preperation Machinery were:
In 2022, Latvia's main importing competitors in Industrial Food Preperation Machinery were:

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Trade Value of Industrial Food Preperation Machinery by Exporters

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